Bonds held support at 157^08 and the daily moving averages today and looks to be rising in a small wave two to test 158^05 or 158^23. Bears need bond prices back under 157^08 to get the next leg lower started.
SPX probably searches out a base in the morning against 3280 or 3276 before advancing toward targets on either side of the round number of 3300.
Bonds travelled sideways today marking time. The Lomb Periodogram suggests bonds are ready to break under 156^17 support in the next day or three.
SPX primed to push higher to roughly 3300 early this week. Today, once over 3273, aim for 8281.
As expected, bonds have drifted back up to retest resist at 159^24. I favor 159^24 or 160^31 holding as resist and bond prices falling out the bottom of support at 155^11. The Lomb Periodogram suggests bond prices holding up for another week or two before breaking lower.